UnitedHealth Group

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DOJ Investigating Fraud at UnitedHealth

WSJ suggests company used questionable diagnoses to boost Medicare payments

(Newser) - The Justice Department is investigating Medicare billing practices at UnitedHealth Group, the $400 billion company that owns the largest US health insurer, whose CEO was gunned down in early December. According to the Wall Street Journal , a civil fraud investigation is examining whether the company recorded questionable diagnoses to trigger...

FTC: 3 Companies Massively Jacked Cost of Lifesaving Drugs

Report on pharmacy benefit managers doesn't do UnitedHealth Group, Cigna, CVS any favors

(Newser) - The Big 3 companies acting as intermediaries between drugmakers and insurance providers made billions by needlessly jacking up the prices of lifesaving drugs, according to the Federal Trade Commission. In its second interim staff report on pharmacy benefit managers (PBMs), released Tuesday, the FTC said CVS Health's Caremark Rx,...

Report: UnitedHealth Chief Has Been Boasting of a Record Year

UnitedHealth Group's Andrew Witty has also been calming staffers after murder of Brian Thompson

(Newser) - Earlier this month, Andrew Witty, chief executive for UnitedHealth Group, penned an op-ed in the New York Times condemning the killing of UnitedHealthcare CEO Brian Thompson . Now, Witty himself is in the spotlight, thanks to a new profile in the Wall Street Journal that talks about how he's steering...

Defense Fund for Suspected CEO Killer Hits $125K

Meanwhile, CEO of company whose backpack Mangione had is getting threats

(Newser) - Supporters of the man accused of killing UnitedHealthcare CEO Brian Thompson set up several online legal defense funds for him, one of which had raised $125,000 as of early Monday. ( Other campaigns have been established, but not raised nearly as much.) "We are not here to...

Health Insurer's Top Boss Speaks Out After Murder

Andrew Witty of UnitedHealth Group acknowledges the system is flawed

(Newser) - The top leader of insurance giant UnitedHealth is speaking out publicly for the first time since the murder of underling Brian Thompson. In a guest essay at the New York Times , Andrew Witty—CEO of UnitedHealth Group, parent company of UnitedHealthcare—condemned the killing while also acknowledging that the insurance...

Cops Find Backpack That May Have Belonged to CEO Shooter

Meanwhile, police say suspect who killed UnitedHealthcare CEO may have fled NYC by bus

(Newser) - It's been more than 72 hours since UnitedHealthcare CEO Brian Thompson was gunned down in Manhattan, with still no sign of the suspect who fatally shot him. Sources tell the New York Post , however, that police investigators searching Central Park on Friday retrieved a gray backpack hidden in the...

After Killing of CEO, Other Insurers Take Precautions

Manhunt continues, and experts doubt it was a professional hit man

(Newser) - As the manhunt for a gunman who fatally shot UnitedHealthcare CEO Brian Thompson on Wednesday in Manhattan stretches into a third day, other health insurers are taking their own precautions. The AP reports that Medica, a health care firm also based in Minnesota, like UnitedHealthcare, is shuttering its half-dozen locations...

UnitedHealthcare CEO's Wife: He Had Gotten Threats

Hunt is on for suspect, who carried a 'very distinctive gray backpack'

(Newser) - UnitedHealthcare CEO Brian Thompson was murdered in what looks to be a "premeditated, preplanned targeted attack," New York City police confirmed in a Wednesday news conference. Chief of Detectives Joseph Kenny said the suspect arrived at a location outside the New York Hilton hotel about five minutes...

In Hack Update, UnitedHealth Reveals Ransom Was Paid

It says a 'substantial proportion' of Americans possibly had data stolen

(Newser) - Hackers stole health and personal data from what could amount to a "substantial proportion" of Americans, UnitedHealth said in a Monday update on the February cyberattack on its Change Healthcare subsidiary. UnitedHealth also confirmed that it paid a ransom "as part of the company's commitment to do...

These Companies Just Made Fortune 500's Top 10

Walmart takes top spot in annual ranking of largest US firms

(Newser) - Fortune has released its annual Fortune 500 rankings, its 69th version of the list of the country's largest corporations, based on revenue for 2022's fiscal year. Per a release , a company had to bring in $7.2 billion to be included, a jump of 13% from last...

Female CEOs Just Made a Record Fortune 500 List

37 of the companies in the annual ranking are run by women—a record high

(Newser) - This year's Fortune 500 list is out, and the top 10 companies are the same ones that made it in 2019, with Walmart in the No. 1 spot for the eighth year in a row. The real story attracting buzz, though, is that 37 of the companies are led...

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